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Mobile payments to rise

Mobile payment levels will surpass USD170 billion this year worldwide, fuelled by changing consumer habits and the rising uptake of devices like smartphones, new research has argued.

Gartner, the insights provider, estimated that this channel will be worth USD171.5b over 2012 as a whole, a 61.9 percent increase on the USD105.9b logged in 2011.

A surge in user numbers should support such a trend, with 212.2 million people utilising relevant services this year, an improvement from 160.5 million when measured against the previous 12 months.